Cruise announces layoffs as GM acquires defunct robotaxi company
Defunct robotaxi company Cruise has begun to lay off employees today, sources tell The Verge. The layoffs come two months ...
GM cuts 50% of Cruise staff after ending robotaxi business
About 88% of remaining employees are in engineering or related roles, and impacted employees were given 60 days’ notice.
Cash cow to money pit: Why GM decided to let Cruise go
GM just over a year ago said Cruise would be a $50 billion per-year business. The company never made money and its parent ...
GM Axes Half of Cruise as It Ditches Robotaxi Business
The robotaxi business is largely being abandoned in favor of autonomous technology for personal vehicles—specifically, GM’s ...
Robotaxi company Cruise: half of the employees have to go
GM is closing its subsidiary Cruise, which has been developing self-driving cars. GM is only taking on around half of the ...
General Motors completes acquisition of full ownership of Cruise
General Motors (GM) announced that it has completed its previously announced acquisition of GM Cruise Holdingsfollowing the approval of GM’s ...
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Cruise Slashes Workforce by Almost 50% Amid Shift in GM's Autonomous Vehicle Strategy
Cruise is laying off about 50% of its workforce, affecting nearly 1,000 employees, as GM shifts focus to other automotive ...